News

Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance (MEF), yesterday asked the private sector to engage in discussions on major issues such as addressing current economic challenges, revising export tax on copper tax and reassessing overdue interest rates.​ ...

Cambodia has launched the third phase of online business registration by including an additional 12 relevant ministries and institutions to facilitate business procedures in Cambodia. ...

Prime Minister Hun Sen said on Tuesday that the government will provide allowances to 32,000 factory workers, including 26,000 women, who have lost their jobs due to factory suspensions amid declining orders. ...

Cambodia has earned KHR 16,430 billion (approximately $3.98 billion) as income in the January-August period of this year, the Ministry of Economy and Finance’s report stated on Tuesday. ...

The inter-ministries finalised the discussion on the draft of the agricultural development policy for 2021-2030  yesterday, drawing high hopes for the policy to promote agricultural development with a competitive, sustainable and inclusive approach. ...

Dr Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance on Monday held talks with Japanese Ambassador to Cambodia MIKAMI Masahiro. ...

Yesterday, Australia’s Ambassador to Cambodia, Pablo Kang briefed Aun Pornmoniroth, Minister of Economy on various new Australian programmes commencing in Cambodia under the Mekong-Australia Partnership (MAP).​ ...

Cambodia’s digital economy remains at a nascent stage and will need at least 10 years to grow and aim for a technology-driven economy, said Minister of Economy and Finance Aun Pornmoniroth. Speaking at the national consultation workshop on Policy and Direction of Cambodia’s Digital Economy ...

The General Department of Taxation (GDT) collected over $2 billion in tax revenue last year, up 13.37 per cent from the same period in 2017, according to a statement released by the department on Tuesday. At the December 2018 tax collection revenue meeting, General Department ...

Last year saw a notable increase in the number of factory openings, with 178 new plants coming online, 28 more than in 2017, according to the Ministry of Industry and Handicrafts. ...

The Transport Ministry repaired more roads last year when compared to work done in 2017, according to its annual report. In the report issued on Wednesday, the ministry noted it repaired a total of 9,671 kilometres of national and provincial roads, an increase when compared ...

Work on the $110 million National Road 4 upgrading project in the Kingdom’s main economic corridor could start as early as next year, a Ministry of Public Works official has said. The project, which will affect a more than 200km stretch of road, will take ...

The General Department of Taxation collected more than $761 million in taxes during the first three months of the year, a slight increase of about 10 percent compared to the same period in 2017. ...

Prime Minister Hun Sen on Friday announced the government’s new strategy for budget reform aimed at enhancing the sound management of public funds. Dubbed ‘Budget system reform programme for 2018-2025’, the new blueprint for the country’s budgetary policy was presented to the public during the ...

Tax revenue in the first seven months of the year was $955 million, an increase of 18.91 percent over the same period last year, according to a report from the General Department of Taxation (GDT). ...

The government of Cambodia and the World Bank today signed agreements for four projects to improve road surfaces, manage fisheries, improve livelihoods from agriculture in targeted rural communities, and increase access to health care, with funding from the International Development Association, or IDA, the World ...

The Federation of Associations for Small and Medium Enterprises of Cambodia (FASMEC) sees small and medium sized businesses (SMEs) as the engine to drive growth on the local stock market, while the companies already listed have been growing steadily. ...

Singapore and Cambodia have entered into a double taxation avoidance agreement to boost cross-border trade and investment between the two countries. ...

Korea will provide a $13.3 million concessional loan to renovate the Stung Siem Reap Phase II flood mitigation project after a deal signed yesterday between the Ministry of Economy and Finance and the Korea Export and Import Bank. ...

A new online ticketing system for the Kingdom’s biggest tourist draw, Angkor Wat, will be introduced to provide faster and convenient service to tourists, while increasing the transparency and clarity of ticket sales revenues.   ...

The Asian Development Bank (ADB) plans to provide financing totally about 880 million US dollars to Cambodia for 2016 – 2018. According to a press release from the Ministry of Economy and Finance, which was released yesterday. ...

Asian Development Bank (ADB) provided US$67 millions in loan to support and improve water supply, tourism and financial sectors in Cambodia. The loan agreement was signed Thursday between Aun Pornmoniroth, Cambodia’s Minister of Economy and Finance, and Eric Sidgwick, ADB Country Director for Cambodia. ...

The Asian Development Bank (ADB) on Monday signed to provide grant and loan agreements worth nearly 99 million U.S. dollars to Cambodia for three development projects, the bank said in a press statement.​ The agreements cover a rural roads improvement project, a technical and vocational ...

Cambodian and Thai securities market regulatory authorities on Wednesday signed a Memorandum of Understanding (MoU) on consultative cooperation and information exchange in stock markets. The deal was inked between Ming Bankosal, director general of the Securities and Exchange Commission of Cambodia (SECC), and Vorapol Socatiyanurak, secretary ...